International Flavors & Fragrances Inc (IFF)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 6.37 | 6.67 | 5.96 | 5.33 | 5.71 | |
| DSO | days | 57.26 | 54.76 | 61.20 | 68.52 | 63.97 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.37
= 57.26
International Flavors & Fragrances Inc.'s Days Sales Outstanding (DSO) has been fluctuating over the past five years. The DSO decreased from 72.72 days in 2019 to 60.83 days in 2023, indicating a more efficient management of accounts receivable. However, there was an increase in DSO in 2020 to 80.54 days, which may suggest potential challenges in collecting receivables during that period. The company managed to decrease the DSO to 67.69 days in 2022 and further to 69.36 days in 2021, showing improvement in receivables management efficiency. Monitoring the trend of DSO over time can provide insights into the company's ability to collect payments from customers promptly.
Peer comparison
Dec 31, 2023